Noor Trends News, Technical Analysis, Educational Tools and Recommendations

March, 2021

• 11 March 2021 1:57 pm

  High Oil Prices Thanks to Economic Outlook and a Decline in Inventories

  

  Oil prices rose Thursday, March 11th, as the distribution of vaccines to prevent Covid-19 boosted expectations for economic recovery, and US fuel stocks fell sharply, but a rise in crude stocks after a storm in Texas last month limited the gains. Brent crude futures for May delivery rose 20 cents, …

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• 11 March 2021 12:49 pm

  The US House of Representatives Passes the $1.9 trillion Corona Relief Bill And Sends it to Biden For Signature

  

  Democratic House of Representatives passed a $1.9 trillion coronavirus relief bill Wednesday, sending one of the largest stimulus plans in US history to President Joe Biden’s office for signature. The president hopes to sign the bill on Friday after Congress formally sends it to the White House, which could take …

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• 11 March 2021 12:40 pm

  Gold Reaches Its Highest Level in a Week as Yields And US Dollar Decline

  

  Gold prices rose Thursday, March 11th, to their highest in more than a week, after weaker inflation data in the United States halted the advance of Treasury and dollar yields. And gold profit in spot transactions 0.4% to 1733.46 dollars per ounce, after reaching its highest level since the third …

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• 11 March 2021 12:20 pm

  Japan Shares Closed Higher on Rise of Business Cycle Companies

  

  Japanese shares closed higher on Thursday, March 11th, as investors snapped up shares related to the economic cycle that fell earlier, but the gains were capped by investors who lowered their positions in some heavyweight stocks. The Nikkei index rose 0.6% to 29,211.64 points, while the broader Topix index rose …

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• 11 March 2021 2:55 am

  NYSE Indices Mixed at Wednesday’s Close

  

  The New York Stock Exchange (NYSE) closed Wednesday’s trading session on a mixed note, as inflation data helped ease reflation fears and pushed Treasury bond yields further down. The Dow Jones Industrial Average gained 464.28 points, or 1.46%, and finished at 32,297.02 points. The S&P 500 index closed at 3,898.81 …

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• 11 March 2021 1:03 am

  Oil Settles Higher Following Fluctuations

  

  Oil prices rose on Wednesday, after fluctuating throughout the session as data showed another large increase in crude inventories in the United States, alongside huge drops in gasoline and distillate stockpiles. Brent crude futures for May delivery finished higher by 38 cents, or 0.6%, at $67.90 per barrel. Meanwhile, the …

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• 11 March 2021 12:49 am

  U.S. Budget Deficit Hits All-Time High in February

  

  The United States public budget deficit hit an all-time high in the five months to February at $1.05 trillion, the Associated Press (AP) reported. The surge in budget deficit is attributed to the increase in governmental stimulus spending to help the economy recover from the impact of the coronavirus pandemic. …

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• 11 March 2021 12:05 am

  Gold Settles Higher After Inflation Data

  

  Gold prices recovered from earlier losses and reached their highest level in a week on Wednesday, supported by the second consecutive session of U.S. Treasury bond yields pulling back from their recent highs, especially as recent inflation data reduced reflation fears and increased investors’ demand for long-term debt instruments. Spot …

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• 10 March 2021 9:44 pm

  European Stocks Maintain Gains for Third Day in Row

  

  European stocks finished Wednesday higher, extending its weekly gains after rising for the third consecutive session. Inflation data in the United States, which came below market expectations, helped reduce concerns about a surge in inflation and reflected positively on investors’ sentiment. The STOXX Europe 600 index closed higher by 0.38% …

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• 10 March 2021 9:39 pm

  DXY Rebounds above 92.0 Level

  

  The U.S. Dollar (USD) returned to the positive territory on Wednesday, after briefly declining following the release of inflation data. Data by the United States Bureau of Labor Statistics showed that the Core Consumer Price Index (CPI) in February declined to 1.3%, falling to meet market expectation of 1.4%. The …

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• 10 March 2021 8:52 pm

  Bank of Canada to Maintain Policies until Inflation Target is Achieved

  

  The Bank of Canada (BoC) has decide to maintain interest rates unchanged until its inflation objective is sustainably achieved, and vowed to continue with its current quantitative easing (QE) policy. The QE program will continue at its current pace of at least CAD 4 billion per week, as per the …

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• 10 March 2021 8:37 pm

  U.S. Oil Inventories Show Another Huge Rise: EIA

  

  Crude oil inventories in the United States increased more than expected last week, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles rose by 13.798 million barrels in the week ended on March 5, compared with a recent S&P Global Platts poll of market analysts that …

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• 10 March 2021 7:40 pm

  BoC Maintains Interest Rates Unchanged

  

  The Bank of Canada (BoC) has decided to maintain its main interest rates unchanged during its policy meeting on Wednesday. The overnight rate has been held at the effective lower bound of 0.25%, with the Bank Rate at 0.5%, and the deposit rate at 0.25%. BoC is maintaining its extraordinary …

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